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The Cosmopolitan of Las Vegas — Blackstone to MGM
$5,650,000,000 · $1,866,535/key
MGM acquired The Cosmopolitan from Blackstone. Published consideration mixed cash, $3.68B CMBS assumption, and residual land. Hotel-casino. Do not use this PPK on a rooms-only boutique.
MGM Resorts press release (announced 2021; closed 2022)